5.How much do you have to pay the State of New Jersey to inspect and register the car with license plates? How much will you be required to pay the State for tax on your car purchase? (7% of price =?) http://www.state.nj.us/mvc/Vehicle/ NAME THE 3 TYPES OF INS YOU MUST HAVE IN NJ 1. 2. 3. What rank is NJ for cost?
6.Estimate how much money you have to earn each month in order to maintain your car – fuel, wear and tear? EASY EST
7. Compare your price to Kelley Bluebook suggested price YOUR PRICE- KB PRICE-
8.How does Age, Gender, and Marital Status Affect Your Car Insurance? LINK HERE April 27, 2017
WHAT SNEAKER OR SHOE ARE YOU WEARING? Air Jordan 7 Olympic
WHAT WAS THE COST? $140
WHERE DID THEY COME FROM/MANUFACTURE? Vietnam
WHAT IS THE MOST YOU WOULD PAY FOR THEM? $150
WHAT IS THE BEST ADVERTISED PRICE? (USE GOOGLE). May 10, 2017 nNeeds cannot avoid or help doing something. nWants have a desire to possess or do (something); wish for. nNatural Resources materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. nHuman Resources the personnel of a business or organization, especially when regarded as a significant asset. nCapital Resources
Capital resources are goods made and used to produce other goods and services. nScarcity he state of being scarce or in short supply; shortage nOpportunity Costs the loss of potential gain from other alternatives when one alternative is chosen. nTraditional Economy
Traditional economy is an original economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution. nCommand Economy an economy in which production, investment, prices, and incomes are determined centrally by a government. nMarket Economy A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.
Name 3 advantages and 3 disadvantages of sole proprietorship
- Ease of start up
- Ease of Management
- You keep all profits
What are some of the 4 Factors of production you would need for one of the businesses you chose?- Land
- Labor
- Capital
- Entrepreneur
Define the two types of partnerships.- General Partnership: (most common type) all partners are responsible for management and the financial responsibilities of the partnership.
- Limited Partnership: at least one partner is not active in the day to day running of the business. They have limited liability.
Name 3 advantages and 3 disadvantages of starting a corporation.- Unlimited liability
- Limited partner
- Limited Life
Give 3 examples of non-profit businesses.- Coca Cola
- Kraft
- Bank of America
Define the 2 types of mergers.April 10, 2017
5 areas inspection sale
- For sale sign
- Body
- Wheels/tires
- Interior
- Undercarriage
April 11, 2017MY FIRST CAR
5.How much do you have to pay the State of New Jersey to inspect and register the car with license plates? How much will you be required to pay the State for tax on your car purchase? (7% of price =?) http://www.state.nj.us/mvc/Vehicle/ NAME THE 3 TYPES OF INS YOU MUST HAVE IN NJ
1.
2.
3.
What rank is NJ for cost?
6.Estimate how much money you have to earn each month in order to maintain your car – fuel, wear and tear? EASY EST
7. Compare your price to Kelley Bluebook suggested price
YOUR PRICE-
KB PRICE-
8.How does Age, Gender, and Marital Status Affect Your Car Insurance? LINK HERE
April 27, 2017
WHAT SNEAKER OR SHOE ARE YOU WEARING?
Air Jordan 7 Olympic
WHAT WAS THE COST?
$140
WHERE DID THEY COME FROM/MANUFACTURE?
Vietnam
WHAT IS THE MOST YOU WOULD PAY FOR THEM?
$150
WHAT IS THE BEST ADVERTISED PRICE? (USE GOOGLE).
May 10, 2017
n Needs
cannot avoid or help doing something.
n Wants
have a desire to possess or do (something); wish for.
n Natural Resources
materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
n Human Resources
the personnel of a business or organization, especially when regarded as a significant asset.
n Capital Resources
Capital resources are goods made and used to produce other goods and services.
n Scarcity
he state of being scarce or in short supply; shortage
n Opportunity Costs
the loss of potential gain from other alternatives when one alternative is chosen.
n Traditional Economy
Traditional economy is an original economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution.
n Command Economy
an economy in which production, investment, prices, and incomes are determined centrally by a government.
n Market Economy
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.